Search results
Results from the WOW.Com Content Network
The stock sales made by various lawmakers from both parties during the March banking turmoil are renewing calls for an outright ban of Congressional trading. Congress hasn't banned lawmakers from ...
Corruption in Congress has once again gained center stage — this time, thanks to Rep. Ro Khanna (D-CA), who has introduced a new anti-corruption plan to “clean up” Washington.
The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts". [1]In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange.
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub. L. 112–105 (text), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012.
The STOCK Act, which was passed in 2012, was intended to provide transparency in stock trades by lawmakers, who were required to report these trades within 45 days of the transactions.. However, a ...
Why some lawmakers say maybe they shouldn't be banned from trading stocks. Ben Werschkul. February 11, 2022 at 2:13 PM. A push to ban stock trading by members of Congress is gathering momentum, ...
Vincent W. Kosuga (January 17, 1915 – January 19, 2001) [1] was an American onion farmer and commodity trader best known for manipulating the onion futures market.Public outcry over his practices led to the passing of the Onion Futures Act, which banned the trading of futures contracts on onions.